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Shyam Metalics IPO is a book build issue of ₹908.80 crores. The issue is a combination of fresh issue of 2.15 crore shares aggregating to ₹656.85 crores and offer for sale of 0.82 crore shares aggregating to ₹251.94 crores.
Shyam Metalics IPO bidding started from Jun 14, 2021 and ended on Jun 16, 2021. The allotment for Shyam Metalics IPO was finalized on Jun 21, 2021. The shares got listed on BSE, NSE on Jun 24, 2021.
Shyam Metalics IPO price band is set at ₹306.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹13,635 (45 shares). The lot size investment for sNII is 15 lots (675 shares), amounting to ₹2,06,550, and for bNII, it is 73 lots (3,285 shares), amounting to ₹10,05,210.
The issue includes a reservation of up to 3,00,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shyam Metalics IPO RHP for detailed Information.
| IPO Date | June 14, 2021 to June 16, 2021 |
| Listing Date | June 24, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹303 to ₹306 per share |
| Issue Price Final | ₹306 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,97,05,880 shares (aggregating up to ₹908.80 Cr) |
| Fresh Issue | 2,14,70,588 shares (aggregating up to ₹656.85 Cr) |
| Offer for Sale | 82,35,292 shares of ₹10 (aggregating up to ₹251.94 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 23,36,10,100 shares |
| Share Holding Post Issue | 25,50,80,688 shares |
Shyam Metalics IPO offers total 2,97,05,880 shares. Out of which 1,47,02,940 (49.50%) allocated to QIB, 58,81,176 (19.80%) allocated to QIB, 44,10,882 (14.85%) allocated to NII, 1,02,92,058 (34.65%) allocated to RII and 88,21,764 (29.70%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,47,02,940 (49.50%) | NA |
| − Anchor Investor Shares Offered | 88,21,764 (29.70%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 58,81,176 (19.80%) | NA |
| NII (HNI) Shares Offered | 44,10,882 (14.85%) | NA |
| Retail Shares Offered | 1,02,92,058 (34.65%) | 2,28,712 |
| Employee Shares Offered | 3,00,000 (1.01%) | NA |
| Total Shares Offered | 2,97,05,880 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Shyam Metalics IPO opens on June 14, 2021, and closes on June 16, 2021.
| IPO Open Date | Mon, Jun 14, 2021 |
| IPO Close Date | Wed, Jun 16, 2021 |
| Tentative Allotment | Mon, Jun 21, 2021 |
| Initiation of Refunds | Tue, Jun 22, 2021 |
| Credit of Shares to Demat | Wed, Jun 23, 2021 |
| Tentative Listing Date | Thu, Jun 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 16, 2021 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹13,770 |
| Retail (Max) | 14 | 630 | ₹1,92,780 |
| S-HNI (Min) | 15 | 675 | ₹2,06,550 |
| S-HNI (Max) | 72 | 3,240 | ₹9,91,440 |
| B-HNI (Min) | 73 | 3,285 | ₹10,05,210 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India's largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
The company serves institutional customers and end-users. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients. The company has a partnership with 42 distributors to offer its products across 13 states and 1 union territory.
Currently, the firm has 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, its manufacturing units have an aggregated installed metal capacity of 5.71 million tonnes per annum. The company is looking to expand its capacity from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria plants are integrated steel manufacturing plants that produce captive railway sidings, captive power plants, iron pellet, sponge iron, bilet, thermo mechanically treated (TMT), wire rod, and structural mills, and ferro alloys plants. Further, its manufacturing facility at Mangalpur comprises sponge iron and ferro alloy plants, and a captive power plant.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 51,051.47 | 52,037.88 | 40,524.34 | 34,706.28 | |
| Total Revenue | 39,956.32 | 43,953.02 | 46,845.60 | 39,203.99 | |
| Profit After Tax | 4,563.21 | 3,403.29 | 6,367.83 | 5,280.39 | |
The Company Shyam Metalics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/or pre-payment of debt of our Company and SSPL, one of our Subsidiaries | 470.00 |
| 2 | General corporate purposes | 149.72 |
[Dilip Davda] Currently, investors have a fancy for metal counters. SMEL being one of the major players is coming out with its maiden offer at a fully priced offer. Investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | June 24, 2021 |
| BSE Script Code | 543299 |
| NSE Symbol | SHYAMMETL |
| ISIN | INE810G01011 |
| Final Issue Price | ₹306 per share |
Shyam Metalics & Energy Ltd.
Trinity Tower, 7th Floor, 83,
Topsia Road, Kolkata – 700046, India
Kolkata, West Bengal
Phone: +91 33 4016 4000
Email: compliance@shyamgroup.com
Website: http://www.shyammetalics.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Shyam Metalics IPO is a main-board IPO of 2,97,05,880 equity shares of the face value of ₹10 aggregating up to ₹908.80 Crores. The issue is priced at ₹306 per share. The minimum order quantity is 45.
The IPO opens on June 14, 2021, and closes on June 16, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shyam Metalics IPO using UPI as a payment gateway. Zerodha customers can apply in Shyam Metalics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shyam Metalics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shyam Metalics IPO opens on June 14, 2021 and closes on June 16, 2021.
Shyam Metalics IPO lot size is 45, and the minimum amount required for application is ₹13,770.
You can apply in Shyam Metalics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shyam Metalics IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wednesday, June 23, 2021. Check the Shyam Metalics IPO allotment status.
The Shyam Metalics IPO listing date is on Thursday, June 24, 2021.
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